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The Europe Network encryption Market would witness market growth of 10.5% CAGR during the forecast period (2018 – 2024).
Encryption is a prevalent and effective approach to safeguarding network data. The encryption process hides data or the contents of a message in a manner so that the original information can only be retrieved with the help of a corresponding decryption process. Encryption and decryption are the common cryptography techniques and are the scientific discipline responsible for secure communications.
Large companies are the early adopters of network encryption solutions; they ensure security of large volumes of data generated in different fields of application including sales, marketing, Human Resources and company operations. The large scale enterprises operating across different verticals are the cutting-edge adopters of network encryption solutions due to the enormous amounts of content that is being generated by applications every second in such enterprises in order to grab business advantages. Network encryption solutions can be used to prevent unauthorized access to critical data owned by large companies. Substantial levels of Capital expenditures (CAPEX) are done by companies to upgrade their traditional IT infrastructure for keeping in pace with the changing trends in business and management environments. Furthermore, businesses invest largely in security solutions because any unethical use of business data can interfere with the brand image, leading to severe loss.
Based on Transmission type, the market is segmented into Optical Transmission and Traditional Transmission. Traditional transmission is further bifurcated into Coaxial Cable, Twisted Pair Cable, and Radiowaves & Microwaves. Based on data Type, the market is segmented into Greater Than 10g & Less Than 40g, Greater Than 40g & Less Than 100g, Less Than 10g and Others. Based on the Component, the market is segmented into Hardware, Platform and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Telecom & IT, BFSI, Media & Entertainment, Government, and Others.Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report IBM Corporation, Cisco Systems, Juniper Networks, BMC software, CA Technologies, Riverbed technology, SolarWinds Inc., Nokia Corporation, Micro Focus, and Kentik.